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Corporacion Para LA Promocion de Puerto Rico Como Destino

San Juan, PR · EIN 66-0888522 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Corporacion Para LA Promocion de Puerto Rico Como Destino reported $74.0 million in revenue and $73.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 98.9% of the total. The highest compensation it reported for one person was $356,738 (CFO). 23 people received more than $100,000 in reportable compensation. Revenue rose 54% between FY2021 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $73M

For context, the median across 185 covered public & societal benefit charities: $88.81 programs, $11.18 management, $0.01 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $74M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 185 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
100.0%84.9%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%10.7%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.0%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
Not reported$0.01
Contributions & grants share of revenue
Part VIII 1h ÷ 12
0.0%83.8%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%0.0%
Program service revenue share
Part VIII 2g ÷ 12
98.9%3.2%
Highest reported compensation
Part VII-A, columns D–F
$356,738$357,133
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.49%1.52%
People paid over $100,000
Part VII, line 2
2312
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
3.010.5
Independent voting board members
Part VI 1a–1b
13 of 13100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
— expenses

Promotion, research and community engagement

— expenses

No description in Part III; see the filing.

— expenses

No description in Part III; see the filing.

$73M all other programs (line 4d)

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CFO
Officer, 40.00 hrs/week
$356,738$0$0$356,738
CHIEF STRATE
Officer, 40.00 hrs/week
$351,338$0$0$351,338
VP OF SALES
Officer, 40.00 hrs/week
$235,759$0$0$235,759
CEO
Officer, 40.00 hrs/week
$191,802$0$0$191,802
LEISURE SALE
Director/trustee, 40.00 hrs/week
$188,855$0$0$188,855
NATIONAL SAL
Director/trustee, 40.00 hrs/week
$178,431$0$0$178,431
VP OF FINANC
Officer, 40.00 hrs/week
$175,190$0$0$175,190
RESEARCH & A
Director/trustee, 40.00 hrs/week
$174,022$0$0$174,022

23 people received more than $100,000 in reportable compensation from Corporacion Para LA Promocion de Puerto Rico Como Destino (Part VII, line 2). Compensation of current officers, directors and key employees totaled $4.0M (Part IX, line 5).

5 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$74M$73M100.0%$18M$356,738
FY2024 ⓘ$75M$68M100.0%$17M$369,004
FY2023 ⓘ$58M$66M100.0%$10M$318,208
FY2022 ⓘ$55M$58M100.0%$19M$339,408
FY2021 ⓘ$48M$35M100.0%$22M$300,600

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b13 · 13 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aNo
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 562

Correct a figure or respond

Every number above is copied from Corporacion Para LA Promocion de Puerto Rico Como Destino's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Corporacion Para LA Promocion de Puerto Rico Como Destino, you can publish a response that is linked from this page.

Questions people ask

How much of Corporacion Para LA Promocion de Puerto Rico Como Destino's spending goes to programs?

In the fiscal year ending June 30, 2025, Corporacion Para LA Promocion de Puerto Rico Como Destino reported that 100.0% of its $73.1 million in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Corporacion Para LA Promocion de Puerto Rico Como Destino pay its top executive?

The largest total compensation Corporacion Para LA Promocion de Puerto Rico Como Destino reported for one person in the fiscal year ending June 30, 2025 was $356,738, for the role of CFO (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Corporacion Para LA Promocion de Puerto Rico Como Destino get its money?

Of $74.0 million in revenue in the fiscal year ending June 30, 2025, 0.0% came from contributions and grants and 98.9% from program service revenue (Form 990, Part VIII).

Is Corporacion Para LA Promocion de Puerto Rico Como Destino a registered charity?

The IRS lists EIN 66-0888522 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202601349349308575 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521359349302527 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202441359349304459 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202331359349303018 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349307967 · read the filing

All filings for EIN 66-0888522: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.